This is the study link: https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf https://www.ippr.org/files/2023-12/170187813

This is the study link: https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf https://www.ippr.org/files/2023-12/1701878131_inflation-prof... > And are also if ignoring the fact that every product or service requires energy, and energy prices are on the rise The study tackles this head on. It mentions that the rise in energy prices due to the invasion of Ukraine is one of the initial triggers of high inflation, but that market power held by some corporations in certain sectors, including energy, amplified the inflationary effects of these initial triggers. Resulting in price increases peaking higher and remaining more persistent than they would have been in a market with less corporate market power. Basically, it says there shouldn't have been this much inflation, but it got amplified because of lack of competition, and of being able to justify price hikes due to customers expecting there to be inflation. They talk about the energy sector specifically, and how their costs did not increase, but they found themselves in a position of market dominance, where they could raise prices above their increase in cost and get away with it.